Current oil price rally to continue – Kuwait Oil Minister

FXStreet (Mumbai) - Kuwait Oil Minister Ali al-Omair said today that he expects the current oil price rally shall continue into the second half of 2015 as global oil supply shrinks.

Speaking at an energy event, Mr. Omair said "I think it will last, tt will start holding gains now and hopefully in the second half of 2015 we will see better prices.” He also said the current market surplus was less than 1.8 million barrels per day.